There’s nothing like being hit with a hefty bill to dampen the post-holiday spirits! Make sure you’re aware of all bank charges before you use your bank card overseas. Then you can compare and choose a bureau de change with reasonable rates. Be a savvy traveller by familiarising yourself with the mid-market exchange rate seen on Google and XE.com before dealing with a money changer. Try to calculate your budget and only exchange what you need to avoid the fees and charges converting THB back into AUD at the end of your trip. Ask your bureau de change for a mix of denominations if possible so you’re not stuck with a stack of 500s. 500 baht notes may be harder for small businesses to break so be sure to use them first when you’re in a larger establishment, like a supermarket. You’ll undoubtedly have wads of banknotes throughout your trip so it’s best to portion out the savings to store in different places in your luggage or around your room. Bargaining can be a fun cultural experience if you stay friendly. Start the negotiations by asking the vendor if they can lower the price, then make a counter-offer if you’re serious about buying. Thailand’s haggling culture is a given in any marketplace, though less acceptable in shopping centres and brick-and-mortar stores.
THAI CURRENCY RATES DRIVER
Whether you’re trying to barter with a tuk-tuk driver or attempting to haggle down the price of a market treasure, these tips will help you make the most of your savings: But that can be overwhelming for some travellers, especially when it comes to money matters. Part of its allure is how different it is to Australia. Thailand is a favourite travel destination for many Australians. So these options are best left as your last resort.
And Australia’s international airports are renowned for their atrocious commissions and rates. You’re unlikely to get as competitive a rate as ordering online through S Money but if you do prefer to exchange in person, you can find the best deals at a money changer in the city CBD.īanks often charge high fees and poor rates for exchanges. Or you can arrange to pick it up from a designated outlet near you.īoth these options are often more convenient than changing currency at a brick-and-mortar currency exchange outlet, a bank, or at the airport. If you’re organised, you can buy your currency online and have it delivered to your door. The most convenient and often cost-effective AUD to THB exchange is to order baht online using a currency exchange provider like S Money. Buy baht online and have it delivered or collect it in-store.To buy your baht before you leave home, there are three main options: International hotels and airports are bound to offer the worst rates and are best avoided.īuying baht from home saves you having to find an ATM or money changer first thing on arrival in the country. Other big banks include Siam Commercial Bank, Krungthai Bank, and KASIKORN Bank. Bangkok Bank is the largest bank in Thailand. It’s possible to use banks to receive baht but you won’t always get better rates than those offered by official money changers. Be sure to carefully count the cash you’re exchanging before leaving the store.
Compare the online rate to what’s advertised outside the bureau de change.Learn what the mid-market rate is (the one seen on Google or XE.com) before you decide on a dealer.Here are a few ways you can avoid being ripped off by a local money changer: Reputable bureau de change companies include Superrich and Vasu Exchange. Try to stick to official money changers, where you’re less likely to be scammed. Fortunately, there are plenty of ways to swap currency on arrival in the country. You’ll typically get a better rate of exchange if you wait until you’re in Thailand to get your baht. The Bankwest Platinum card and the 28 Degrees Platinum card are two great credit card choices for travellers. Some also allow you to collect frequent flyer points, helping you save on later travels.Ĭredit cards also provide greater security assurances, since the payments don’t leave your account immediately, allowing you to contest dubious charges once the holiday is over. To start, they may come with travel insurance. It’s worth noting that many credit cards offer enticing features for travellers. A potential ‘cash advance fee’ if you use an ATM.Watch out for various service fees and charges credit card companies may impose on transactions, including: Visa and Mastercards are commonly accepted but American Express credit cards are usually only accepted in high-end venues. Though best left for big-ticket expenses, credit cards will generally be accepted at modern restaurants, hotels, shops in shopping centres, and 7/11 convenience stores.
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